ABC India will physically export goods to ABC Korea (related party) for repair purposes. ABC Korea will perform the repair and upgrade the software. After the repair, ABC India will re-import the goods.
What are the implications regarding export and import, including the time frame? Additionally, what are the GST and customs implications in this scenario
Temporary Export for Repair and Software Upgrade to Related Party Not Eligible for Zero-Rating but Exempt from IGST Under Notification 45/2017 A company plans to export goods to its related party in Korea for repair and software upgrade, then re-import them. The export isn't considered a zero-rated supply as it's not for supply purposes. Upon re-import, benefit under Notification 45/2017 can be claimed, exempting IGST and BCD. The process requires proper documentation including GR/EDF waiver if no foreign payment is involved. Time limits apply - typically 6 months from export date for re-importation (per CBIC Circular No. 14/97-Customs), though Notification 45/2017 may provide different timeframes. Shipping bill and bill of entry references must be properly documented in EDPMS and IDPMS systems. (AI Summary)
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